Investing.com - Tapestry reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Tapestry announced earnings per share of $0.69 on revenue of $1.62B. Analysts polled by Investing.com anticipated EPS of $0.6778 on revenue of $1.55B.
Tapestry shares are up 33.4% from the beginning of the year and are trading at $41.46 , down-from-52-week-high.They are outperforming the S&P 500 which is up 17.15% from the start of the year.
Tapestry follows other major Consumer Cyclical sector earnings this month
Tapestry's report follows an earnings beat by Tesla on July 26, who reported EPS of $1.45 on revenue of $11.96B, compared to forecasts EPS of $0.9417 on revenue of $11.51B.
Louis Vuitton ADR had matched expectations on July 26 with second quarter EPS of $1.74 on revenue of $17.39B, compared to forecast for EPS of $1.74 on revenue of $16.87B.
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